AUDJPY Is Bearish! Short! AUSTRALIAN DOLLAR VS JAPANESE YENTRADENATION:AUDJPYSignalProviderTake a look at our analysis for AUDJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 112.603. Considering the today's price action, probabilities will be high to see a movement to 111.705. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!